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In this YouTube tutorial, the speaker discusses the concept of novation agreements, a strategy for acquiring and flipping properties. Novation agreements are not intended for long-term investment but are specifically designed for quick renovations and sales. The tutorial emphasizes that constructing a novation agreement involves purchasing a property, fixing it up, and then flipping it. The speaker highlights the strategy's popularity, noting that many viewers search for it, and mentions that while he frequently utilizes this tactic, he seldom shares details on the channel. The explanation includes an example with a fictional seller named Eric, illustrating how the process works.